Green LED Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07748624 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Green LED Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C S Darar

REGISTERED OFFICE:

2 Adelaide Street

St Albans

Hertfordshire

AL3 5BH

REGISTERED NUMBER:

07748624 (England and Wales)

ACCOUNTANTS:

Visionary Accountants

2 Adelaide Street

St Albans

Hertfordshire

AL3 5BH

FIXED ASSETS

Tangible assets

4

17,138

22,851

CURRENT ASSETS

Debtors

5

10,100

10,000

Cash at bank

735

629

10,835

10,629

CREDITORS

Amounts falling due within one year

6

37,958

25,744

NET CURRENT LIABILITIES

(27,123

)

(15,115

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,985

)

7,736

CREDITORS

Amounts falling due after more than one year

7

21,094

24,343

NET LIABILITIES

(31,079

)

(16,607

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(41,079

)

(26,607

)

SHAREHOLDERS' FUNDS

(31,079

)

(16,607

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15 May 2019 and were signed by:

Mr C S Darar - Director

1.	STATUTORY INFORMATION

Green LED Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

32,500

DEPRECIATION

At 1 January 2018

9,649

Charge for year

5,713

At 31 December 2018

15,362

NET BOOK VALUE

At 31 December 2018

17,138

At 31 December 2017

22,851

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

32,500

DEPRECIATION

At 1 January 2018

9,649

Charge for year

5,713

At 31 December 2018

15,362

NET BOOK VALUE

At 31 December 2018

17,138

At 31 December 2017

22,851

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Other debtors

10,100

10,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

3,625

3,625

Amounts owed to participating interests

2,900

4,000

Taxation and social security

4,096

5,746

Other creditors

27,337

12,373

37,958

25,744

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

21,094

24,343

8.	RELATED PARTY DISCLOSURES

During the year the company had a loan account with Mr C S Darar. At the balance sheet date the company owed Mr C S

Darar £21,877 (2017 - £10,413). This loan is interest free, unsecured and repayable on demand.

K3 CDM Projects Limited is a company in which the director is the sole shareholder had an amount due to of £2,900 (2017

- £4,000) at the balance sheet date. This loan is interest free, unsecured and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C S Darar.